DRUM POINT PROPERTY ASSOCIATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

ANTHONY SPAKAUSKAS

Phone

4103266148

Tax Period

2024-07-01 to 2025-06-30

DRUM POINT PROPERTY ASSOCIATION INC, founded in 1972, is a small nonprofit that reported $494K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $604K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROMOTE THE GENERAL WELFARE OF THE PROPERTY OWNERS AND PROTECT THE ENVIRONMENTAL CONDITIONS WITHIN THE DRUM POINT SUBDIVISION.

Program Service Accomplishments

Program 1

Expenses: $568,978

THE ASSOCIATION HAS AS ITS PURPOSE THE GENERAL UPKEEP AND MAINTENANCE OF THE COMMON ELEMENTS OF THE COMMUNITY INFRASTRUCTURE AS WELL AS THE SOCIAL, ECONOMIC, CULTURAL, RECREATIONAL, AND ENVIRONMENTAL...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $493,442

Investment Income $125

Other Revenue $162

TOTAL REVENUE $493,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,998

Fundraising Expenses $0

Program Expenses $568,978

Other Expenses $517,415

TOTAL EXPENSES $604,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,729	$608,530	-0.2%
Expenses	$604,413	$636,917	-0.1%
Net Income	$-110,684	$-28,387	+2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SNAPP	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
ANTHONY SPAKAUSKAS	PRESIDENT	001.00	Officer Director	$0	$0	$0
JOHN ANDRE	TREASURER	001.00	Officer Director	$0	$0	$0
BONNIE BLADES	SECRETARY	001.00	Officer Director	$0	$0	$0
ADRIAN STANTON	DIRECTOR	001.00	Director	$0	$0	$0
SUSAN RORK	DIRECTOR	001.00	Director	$0	$0	$0
GINNY RICE	DIRECTOR	001.00	Director	$0	$0	$0
ALLEN FINE	DIRECTOR	001.00	Director	$0	$0	$0
JOHN LATHAM	DIRECTOR	001.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$493,729	$604,413	$572,941	$-110,684
2024	$608,530	$636,917	$658,083	$-28,387
2023	$473,181	$424,983	$940,849	$48,198
2022	$401,319	$446,542	$653,551	$-45,223
2021	$464,812	$508,144	$711,332	$-43,332
2020	$372,675	$335,474	$736,655	$37,201
2019	$345,818	$362,216	$724,347	$-16,398
2018	$370,859	$329,609	$731,429	$41,250